Daily Gold Coin Market Update
December 17, 2009 – While some economists have forecasted lower gold prices in 2010, a great many more financial experts believe that we could see a gold spot price of $1400 or more next year. If you believe that these numbers could manifest themselves, then you probably agree that now is a prime time to buy gold coins. You don’t want to struggle to make ends meet just so you can buy physical gold; a physical possession gold investment is meant to preserve and potentially grow your spending power.
If you foresee worsening financial problems for the US economy, then it could do wonders for your portfolio if you vest 20-30% of those assets in precious metals. Gold has risen every year since 2001, and our government’s low interest rates and our poorly performing economy are behind the bullish 2010 projections. Gold has jumped over 30% in the last 365 days, and it is important to understand that these types of returns are not fair expectations year in and year out. However, the security of owning a physical gold investment is more preferable than stocks, real estate, or fiat paper IOUs for many investors.
There is no doubt that gold could lie dormant or retreat in the coming years, although economists believe that our economic downturn has only just begun, and this historically means higher gold prices. Gold tends to outperform traditional investment routes during oppressive recessionary periods. Sure, US stock indexes have ballooned nicely in 2009, but many economists have warned that these figures are only due to our government’s stimulus and bailout expenditures.
In the 1970s, some gold investors made over 1000% and stocks, bonds, and cash accounts were devalued substantially within the same time frame. Gold did not lose its power as a wealth preserver in the 1970s, as we have clearly seen in the last decade. In 2001, a one-ounce gold bullion coin was worth less than $300. Today, that same coin will fetch over $1100 if you sell it through a major exchange.
To get more information about gold bullion coins and certified gold coins, contact Gold-Coin.com or simply request one of our award-winning investment tutorial packages below.
Stewart Lawson
Senior Staff Writer - Gold-Coin.com
